ERC Affiliate Program – Earn money by referring businesses to the employee retention credit program (ERC).
In this guide, I am going to show you exactly how I am using this ERC Referral Program to generate massive commissions by helping business owners file for the employee retention credit also known as ERC or ERTC. I will explain in detail how this ERC affiliate program works, who’s behind it and how to get started.
- ERC Referral Program Introduction
- Getting Started with ERC Affiliate Program
- Create your Free ERC Referral Account
- Complete the Basic Training to Activate your Affiliate Links
- Basic Qualifications for a Business to receive ERC
- How to Introduce the ERC program to a business owner
- Questions & Rebuttals from Business Owners
- How to Onboard a New ERC Client
- Earning Potential and Compensation Plan
- Making your Warm-Market Prospect List
- ERC Affiliate Backoffice Resources
- The Companies Powering this ERC Program
Overview of the ERC Referral Program
ERC Referral Program with iHub Global and Bottom Line Concepts.
To put it simply, you can earn significant income by joining this ERC referral program with Bottom Line Concepts and iHub Global. Your only task and job here, is to introduce ERC to eligible businesses – that’s it. A simple 2 minute conversation. Everything that happens from there is completely hands off, and handled by experts.
What I personally love about this program is that we as ERC affiliates, or better known as ERC referral partners are actually going out there and helping business owners. Many of which who would have otherwise never known they were eligible for government funds through the Employee Retention Credit Tax Refund Stimulus Program (CARES Act).
One thing that is important to know is that the Employee Retention Credit has been revised and amended over time. These updates have introduced new ways for businesses toqualify for ERC. Due to this, we find that many businesses don’t even know that they can now qualify, or being told that they don’t by their advisors or CPA. With 84% of eligible businesses out there who have not filed for ERC, there is a big gap in the market for us as ERC Affiliates to help educate and get them moving in the right direction.
If you don’t know what ERC is and what it’s purpose is, please take a moment to read the ERC Employee Retention Credit Program Summary below. You can also take a moment to read more about the ERC program on the official Government IRS Website.
Become a Referral Partner – Join the ERC Affiliate Program
My Experience as an ERC Referral Partner
I cannot express how many calls, texts, emails I get on a daily basis from businesses owners, praising me and thanking me for introducing them to an expert ERC Filing Firm and helping them receive their tax refund using the ERC program. It’s a truly an incredible feeling, and I’m building valuable relationships in the process. Meanwhile, I get to earn significant income in the process. (Later in this post I share more details about my earnings and growth with this program.)
A Quick Refresher on the Employee Retention Credit
Before moving on to ERC referral affiliate program, I’d like to summarize what we are talking about here. ERC (Employee Retention Credit) is a stimulus government aid program established by the CARES Act. It is a refundable tax credit – a grant, not a loan – that businesses can claim, and can recoup up to $26,000 per W2 employee that they had on payroll during 2020 and 2021. There are some qualifiers, and we’ll explain that later in this post, but the main thing to focus is on, is that 84% of eligible businesses have not filed for the employee retention credit.
If you don’t know what ERC is and what it’s purpose is, please take a moment to read the 2022 Employee Retention Credit Complete Guide to Getting ERC. You can also take a moment to read more about the ERC program on the official Government IRS Website.
ERC Referral Program Video Explainer
ERC Employee Retention Credit – ERC Affiliate Program Video on Youtube
Income Disclosure Statement: This is an exciting opportunity that rewards you for introducing business who complete their ERC filing. Individual results will vary depending on market conditions, commitment levels and marketing skills of each Affiliate. Due to these conditions potential earnings estimates are not possible to provide.
There will certainly be Affiliates who will earn less while others will earn much more. We’re excited about the ERC referral partner program, and we believe it will provide you with a solid foundation to help businesses recoup funds via the ERC stimulus, and also create a way for you to earn in the process.
Getting started with the ERC Affiliate Program
Referring a business to get their ERC is much easier than you’d think. There’s actually very little work involved for the affiliate other than simply introducing a business owner to the Employee Retention Credit. From there ERC Affiliate system, tools and resources provided to every ERC Referral Partner will go to work.
Create your Free ERC Referral Account
The first step is to signup for your own ERC Affiliate Account also know as an ERC Referral Partner. You can use the button above to get started and fill out the form to create your account as shown in the screenshot below.
Complete Basic Training to Activate your Affiliate Links
Activate your ERC Affiliate Links – Once you have access to your ERC Referral Partner account, the first step is to complete a short basic training course. You will see a call-out to to begin the the basic training as shown below:
ERC Affiliate Program Course – Next you will go through a simple 3-4 module course should only take about 15 minutes to complete. It contains all the vital information that ERC Affiliates should know when promoting ERC to businesses and the primary qualifications that a business needs to have. It also is a great way to ensure that if you are building a team of referral partners that you don’t have to manually train each one, and answer all there questions – it streamlines the process for you.
ERC Affiliate Quiz – At the end of the basic training modules there is a 10 question quiz used to ensure that the referral partner actually took the time to digest the information in the modules before. Once The quiz requires a 70% or greater passing score to proceed.
Once you pass, your referral links will now be unlocked and activated on your ERC Affiliate Dashboard. In other words you are ready to go out there are start introducing ERC to businesses and you will get credit for your referrals.
Basic Qualifications for a Business to Apply for ERC
These are the basic pre-qualifiers for a business to be eligible for the ERC. However, don’t get caught up in these details, as the business owner will discuss all these matters with an expert ERC advisor. Our goal as ERC Affiliates is simply to get them scheduled for a quick 5 minute call – that’s it. The only thing I will personally ask before I get them booked, is if they have W2 employees – for me that is enough and worth it for a business to discuss further with an expert.
- Did the business employ W2 employees in 2020 or 2021?
The business owner can answer yes to either #2 OR #3 below – it does not have to be both. - Did the business experience a decline in revenue during those years?
- Did the business experience a change in standard operations during those years? Some examples include:
- Change in business hours
- Partial or full suspension of your operations
- Shutdowns of your supply chain or vendors
- Reduction in services offered
- Reduction in workforce or employee workloads
- A disruption in your business (division or department closures)
- Inability to visit a client’s job site
- Suppliers were unable to make deliveries of critical goods or materials
- Additional spacing requirements for employees and customers due to social distancing
- Change in job roles/functions
- Tasks or work that couldn’t be done from home or while transitioning to remote work conditions
- Lack of Travel or Lack of Group Meetings
How to Introduce the ERC Program to a Business Owner
Before introducing ERC to a business, remember what you’ve learned from the basic training, and some of pre-qualifiers above. If a business did not have W2 employees at all during 2020 and 2021, they won’t qualify for ERC. So be mindful as to not waste their time, or yours.
The best strategy to open a conversation to a business owner is by asking them this simple question: “Have you heard of, or filed for the Employee Retention Credit”?
There are 4 possible answers you will receive:
- Business Owner: “Yes, I’ve already filed for the ERC.”
- Your response: “Wow, that’s great to hear! Well done! It’s awesome to see that savvy business owners like you are staying up to date, and taking advantage of the ERC program.
- Business Owner: “Yes, I’ve heard of it, but haven’t filed for ERC.”
- This is an excellent response because you know they are familiar with the ERC program.
- Your response: “Oh good, I’m glad you’ve heard of it! So you are aware that the Employee Retention Credit is a Government stimulus program that will pay up to $26,000 per W2 employee in the form of a grant – not a loan.”
(Let them answer)
“I’d love to put you in touch with an excellent company that will handle the whole process for you with no upfront cost. They’ve done this for over 16,000 businesses and recovered over $3 billion dollars. They actually specialize in ERC.
“Can I schedule you for a quick 5 minute call with one of their expert ERC advisors? They will pre-qualify you on the phone, answer any questions you may have, and get started on your ERC filing?”
(Let them answer)
“Great what day and time works best for you?”
Collect Info: Day, Time, Name, Email, Phone, Business Name, Business Category, Amount of W2 employees. (See how to onboard a new ERC Client below)
- Business Owner: “No, what is ERC?”
- In this case you want to do some quick education on ERC first, then follow similar approach from your response step 2.
- Your response: “Well, we’re about to have a very exciting conversation!
The ERC (Employee Retention Credit) is a stimulus government aid program established by the CARES Act. It is a refundable tax credit – a grant, not a loan – that businesses can claim and receive up to $26,000 per employee. This is a check that comes directly from the IRS.
The ERC program was specifically created to help companies who retained their W2 employees during the Covid-19 Pandemic. The US Goverment is essentially rewarding businesses who did so, because this was one of the most difficult times in our history.”
(Let them answer)
“I’d love to put you in touch with an excellent company that will handle the whole process for you with no upfront cost. They’ve done this for over 16,000 businesses and recovered over $3 billion dollars. They actually specialize in ERC.
“Can I schedule you for a quick 5 minute call with one of their expert ERC advisors? They will pre-qualify you on the phone, answer any questions you may have, and get started on your ERC filing”
(Let Them Answer)
“Great what day and time works best for you?”
Collect Info: Day, Time, Name, Email, Phone, Business Name, Business Category, Amount of W2 employees. (See how to onboard a new ERC Client below)
- Business Owner: “We don’t qualify.”
- Believe it or not, This is probably the best answer you can. Statistically we have found that 80% of businesses that have been told they don’t qualify actually do in one way or another. Commonly business owners are told they don’t qualify by their advisor or CPA. This can be due a variety of reasons such as: They are not up to date on the stimulus and the fact that new ways to qualify have been introduced, or they do not have the expertise to prepare the filing. I’ve even heard answers of “We are too busy”. Regardless of the reason, this is your time to shine.
- Your response: “Really? We hear that all the time, and 80% of the businesses that have told us they don’t qualify – we get them their ERC.
(Let Them Answer)
“I’d love to put you in touch with an excellent company that will handle the whole process for you with no upfront cost. They’ve done this for over 16,000 businesses and recovered over $3 billion dollars. They actually specialize in ERC.
“Can I schedule you for a quick 5 minute call with one of their expert ERC advisors? They will pre-qualify you on the phone, answer any questions you may have, and get started on your ERC filing”
(Let Them Answer)
“Great what day and time works best for you?”
Collect Info: Day, Time, Name, Email, Phone, Business Name, Business Category, Amount of W2 employees. (See how to onboard a new ERC Client below)
Common Questions & Rebuttals from Business Owners
Below, I will provide a list of common questions, objections, and rebuttals from business owners. Some of these are more tricky than others, but rest assured you will now be armed with the correct responses to each of these questions.
- Why don’t I just have my CPA handle this for me? I feel comfortable filing with accountant.
- This is probably one of the most important questions to be able to answer. And as frustrating as it may be to hear this, here is an excellent answer to this question – it’s a bit blunt so feel free to put your own spin on this.
- Your response: “Great question, and totally makes sense for you to ask or suggest that – we hear it often. Respectfully, I would just l like to make sure I understand your train of thought correctly:
You want to go back to the person:
– Who did NOT tell you about the ERC program, although it’s been around for a year and half.
– Who doesn’t specialize in this type of very complex filing?
– Who will most likely charge you upfront for their time in understanding the 300 page ERC stimulus bill, and preparing the filing.
– And who may not be able to maximize your ERC Tax Refund?
What I’m asking is for you to not make any decisions right now, and to take 5 minutes of your time to have a quick call with an expert ERC advisor from Bottom Line and see what your options are. Worst case you will get off the phone, and be even more educated, and have a better sense of direction on how to go about getting your Employee Retention Credit.
- What time period does the ERC program cover?
- The program began on March 13th, 2020 and ends on September 30, 2021, for eligible employers. The statute of limitations to apply for the 2020 ERC does not close until April 15, 2024. The statute of limitations to apply for the 2021 ERCs does not close until April 15, 2025.
- If I already received PPP can I still get ERC?
- Yes. Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP loan. Note, though, that the ERC will only apply to wages not used for the PPP.
- Does my business qualify even if there wasn’t a decline in revenue?
- Yes, If you had a change in your standard business operations during the pandemic, or your business was impacted by the Covid-19 goverment mandates. Some example include change in: job roles, business hours, reduction in services or workforce
- Do I need to pay back ERC?
- No. ERC is a refundable tax credit – a grant, not a loan – that businesses can claim.
- How much money can I get?
- ERC is a refund in the form of a grant and can return up to $26,000/employee ($10,000 is the average for companies that received PPP, $20,000 is the average for businesses that didn’t)
- How long does it take to receive the funds after the ERC filing is submitted?
- Smaller size businesses can see funds in anywhere to 4-6 months, while larger businesses may experience turn around times up to 12 months.
How to Onboard A New ERC Client
To onboard a new client using this ERC affiliate program, you must use the links or forms provided in your ERC Affiliate Backoffice. Under the marketing tab, you will find various links that you can use in the two following ways.
ERC Affiliate Landing Page
You can use ERC affiliate landing page links to send over to a potential prospect. The goal of these pages is to educate, build trust, and allow the business owner to self onboard themselves. Everything is tracked back to your affiliate account, where you have full visibility in your ERC Affiliate Backoffice.
When coming to this page, the business owner will fill out a very short form and schedule a quick 5 minute call with an expert ERC advisor at bottom line concepts. There are over 35 ERC advisors that are on round-robin rotation taking calls, with plenty of availability and scalability. They are friendly, experienced, and very personable – I personally am very impressed and have heard incredible feedback from customers.
ERC Intake Form
If you already have spoken with a business owner on the phone perhaps, and they are ready to proceed, there is no reason to send them a link to a landing page. You can use a simple form to onboard them, and schedule the call with the ERC advisor on their behalf. Essentially this is the same exact process as above, but you are doing it for them with their permission.
Scheduling the Call with an ERC Advisor
Regardless of which method above is used, they will both lead to schedule a call. Not much to explain, but wanted to ensure we can see the full process. The form will pass the data into Calendly scheduling page, where you or the business owner (depending on which method is used) can book the call at the time that is best for them.
That’s it! Those are the only steps to begin the ERC process for a business. Easy right? Now you’ll want to track the status and progress of the ERC filing for this business. We review all that information below in: “ERC Referrals – Tracking your Deals”.
Earning Potential & Compensation Plan
IMPORTANT! Everything discussed here is the referral program specifically put together by iHub Global via their exclusive partnership with Bottom Line Concepts. Which means you must signup under a referral partner that is using the iHub Global system.
This ERC Affiliate program offers a superior compensation plan to all those we’ve seen out there. All earnings for referral partners are derived from a portion contingency fee that Bottom Line Concepts charges the client only after they’ve received their funds from the IRS. Also importantly noted that each client engages into a legal binding retention agreement with Bottom Line Concepts – prior to them preparing the ERC Filing.
Needless to say, looking at the example below – the earning potential of this ERC affiliate program is massive! Even just one deal could deliver significant income!
You have the ability to earn in 3 ways, and increase your earnings along the way.
- Directly referring a business to the ERC program.
- Bringing in referral partners and earning from their directly referred ERC Businesses.
- A leveraged infinity bonus infinite levels deep in your downline also known as genealogy.
Example ERC Referral Earning Scenario
Income Disclosure Statement: This is an exciting opportunity that rewards you for introducing business who complete their ERC filing. Individual results will vary depending on market conditions, commitment levels and marketing skills of each Affiliate. Due to these conditions potential earnings estimates are not possible to provide.
There will certainly be Affiliates who will earn less while others will earn much more. We’re excited about the ERC referral partner program, and we believe it will provide you with a solid foundation to help businesses recoup funds via the ERC stimulus, and also create a way for you to earn in the process.
ERC Compensation Plan Summary
You can learn more about the compensation in the ERC Affiliate Backoffice > Compensation
Making your Warm-Market Prospect List
One of the best strategies is to use your warm market list. These are people you know, places you frequent, and business owners that would be open minded if you were to pick up the phone and give them a call. In other words, leverage your existing relationships. This is the best place to start.
Sit down and make a list of everyone you know. Use the strategies above in “How to Introduce the ERC Program to a Business Owner”
Here’s some examples:
- Your Dentist
- Your Doctor
- Where you get your car serviced / repaired
- Your local grocery store
- Your children’s school.
- Your local church
- Your local restaurants that you frequent
- Your friends
- Your family
- Business associates
- etc..
Get Familiar with the ERC Affiliate Backoffice
As you will learn later in this post, the technology and resources powering this affiliate program has no limits. Every ERC Referral Partner has access to a powerful Backoffice platform that delivers everything you could possibly need and want when promoting this opportunity. Below, we are going to breakdown each section, and what is available to you, so you can hit the ground running.
ERC Affiliate Dashboard
The ERC Affiliate dashboard provides quick access to the most important tools and resources. On there you will find your ERC referral links, webinars, events, ERC program quick training, and call-outs to the more vital sections of the backoffice.
ERC Referrals – Tracking your Deals
The most important resource that this ERC Referral Program delivers (and no one else does) is complete tracking, visibility and transparency. When referring businesses to the employee retention credit, you are going to want to know exactly what’s going on with each one of your referrals.
Luckily, we have this delivered to us as Referral Partners on a silver plater. A full overview of all your deals in totality with charts and widgets, as well as a detailed breakdown list of each business, and their current status. The system is updated every hour on the hour with data directly Bottom Line Concepts. As the business moves through the ERC process starting with their scheduled call, collecting documents, preparing their filing, submitting to the IRS, and receiving payment – all of this is available to keep you up to date, every step of the way.
ERC Referral Overview
The business referral overview section provides your entire ERC referral business from a glance. You can see the chart outlines the most important statuses as the clients move through different deal stages (outlined below).
Lower on the page you will see a pipe-line of widgets that show those numbers with more granularity so you can easily see what’s going on from a birds-eye view.
Referred ERC Businesses
Detailed List – Under the “Referred Businesses” tab you can see a detailed, searchable, sortable table list of your deals. As mentioned previously the “Deal Stages” are updated in the system every hour. As soon as there is some progress with one of your referred businesses, you’ll know pretty quickly.
Timeline View – You can also view each deal individually and get a historical timeline of updates and events that have occurred. This way you get a clear picture of each business and how they are moving through the ERC filing process.
ERC Process Stages
Below is a list of all of the possible statuses that can occur for each ERC deal. They are broken down into 2 categories.
ERC Deal Stages
- New Lead (Initial) – A new lead has been submitted
- Meeting Booked – The Potential Client has a scheduled call with the ERC Advisor
- Unreachable – The ERC Advisor has attempted to call the client via phone and email but was unsuccessful.
- Meeting Happened – The ERC eligibility consultation between the client and the ERC Advisor took place
- Lead Unresponsive – The client has not responded the ERC Advisor or the Project Management team since our contract was sent out.
- Agreement Sent – The Letter of Engagement has been delivered to the Client for E-Signature via Panda Documents
- Agreement Signed – The client has successfully signed our ERC agreement to move forward with Bottom Line’s service and consulting fee
- Lead Unresponsive (Signed) – The client has signed the ERC contract but has not moved forward and is non-responsive.
- Questionnaire – This is a fact-finding form completed by the client for Project Management describing their business structure and identify the documents needed in data upload
- Gathering Docs – The client received a secure share file to upload documents needed for the ERC refund total
- Docs Under Review – All data has been received and our ERC Data Review specialists begin to calculate the ERC refund total
- Docs to be Submitted to IRS – Total refund amount it calculated and presented to the client and 941 Preparation Begins
- Docs Submitted to IRS – Bottom Line receives confirmation from the client to submit 941x Forms to the IRS on their behalf
ERC Collection Stages
- ERC Submitted (1-30 Days ago) – Deal was submitted successfully to the IRS 1-30 days ago
- ERC Submitted (31-60 Days ago) – Deal was submitted successfully to the IRS 31-60 days ago
- ERC Submitted (61-90 Days ago) – Deal was submitted successfully to the IRS 16-90 days ago
- ERC Submitted (91-120 Days ago) – Deal was submitted successfully to the IRS 91-120 days ago
- ERC Submitted (121-150 Days ago) – Deal was submitted successfully to the IRS 121-150 days ago
- No IRS Communications Received – Deal was submitted successfully to the IRS over 150 days ago and no communication from the IRS was received yet.
- Client Unresponsive – Deal was submitted successfully to the IRS over 150 days ago and client did not respond to at minimum 5 attempts to contact them. 2 emails + 3 phone calls
- Client Received IRS Communications – Client received Communications from the IRS and we are attempting to get them in order to invoice
- Client Invoiced – Notice – Client received notices from the IRS and was invoiced, awaiting checks before full collection efforts
- Client Invoiced – Checks – Client was invoiced and we confirmed they received checks from the IRS. Awaiting payment
- Client Paid Partial – Client received checks for some of the quarters that were filed for and paid us for those quarters, awaiting remaining check(s) from the IRS.
- Payment without Noticed – Client sent us payment without sharing notices or checks. Likely underpaid due to interest.
- Client in Dispute – Client is disputing our bill and refusing full payment.
- Client Paid in Full – Client received all checks and paid us in full
Referred ERC Affiliates
Under the “Referred Affiliates” tab you get visibility of the Referral Partners who have joined under you. At this time you can see the amount of leads, booked calls and agreements signed from their efforts – which you would potentially earn on when referencing the ERC Compensation Plan above. However, currently in the works is to get more visibility on your Referral Partners deals so you can be in the loop as well.
ERC Affiliate Training
The ERC Affiliate Training provides overview training, one-pagers, and understanding the process. Without over-complicating it, this section provides the necessary streamlined training that Referral Partners should know when going out there and introducing businesses to ERC.
ERC Affiliate Marketing
In this section you’ll find everything you need to promote and market the ERC Affiliate program. From Landing pages and links to flyers and videos – you have a full toolbox of assets and collateral to educate and refer a business owner to the Employee Retention Credit.
ERC Affiliate Compensation
In this section affiliates can learn about the ERC Affiliate Program Compensation Plan. There is an overview PDF, a video presentation, as well as a downloadable full PDF presentation. If you want to learn more, you can see the section above “Earning Potential & Compensation Plan”.
ERC Live Webinars
Tune into weekly ERC Live call. Learn more about how to promote ERC, bring in businesses, hear success stores, questions and answers and compensation training.
The Companies Powering this ERC Program
This ERC Affiliate Program is Powered by Two Distinguished Companies: iHub Global and Bottom Line Concepts
Let me begin by saying, the only reason this ERC referral program is possible is because two powerful companies partnered up together to make it happen. Both companies provide tremendous resources and expertise in their respective areas, and together have delivered a streamlined machine that helps introduce, educate, qualify, prepare and process the ERC filing in the most effective and superior way.
The platform and technology that is driving this opportunity delivers powerful marketing, tools, training, visibility, and automation for the referral partner – giving them everything they need to generate income with the ERC Referral Program.
Bottom Line Concepts handles the ERC process from start to finish for the business client.
Bottom Line Concepts a proven track record in assisting companies recover taxes and wages they have already paid on their W2 employees with zero upfront cost to the business. Their experienced, knowledgeable, and dedicated team will handle the entire process from beginning to end with the IRS on behalf of the business, and work closely with them to collect necessary documents and recover the most possible funds as quickly as possible.
iHub Global delivers the platforms, technology, and tracking for ERC Referral Partners
iHub Global is a powerhouse tech company powered by 1.3 million affiliates. They have a proven track record of delivering incredible opportunities powered by their platforms and tech systems which automate the training and marketing and tools needed by their sales force. This isn’t their first rodeo, iHub has affiliate programs that revolve around Blockchain, IoT, Web 3.0 / Metaverse, Digital Advertising, and Travel. To date, they have paid out millions in commissions to their affiliates, and continue to innovate and disrupt the industry. Once important thing to note is that iHub Global is a company that carefully vets the products and services they deliver to public, and the companies and brands that power them – iHub sets it’s vision on bringing to market what has never been done before.
Below I will break down the responsibilities and roles of both companies that are powering this very lucrative ERC Referral Program.
Bottom Line Concepts
Bottom Line Concepts Role in the ERC Referral Program
- Pre-Qualify each Business (client) for ERC. Every single business owner who files their ERC through this program will start off on a dedicated one-on-one call with and expert ERC Advisor. Bottom Line has over 60 full-time in house expert ERC advisors who not only are super friendly, but extremely well trained.
- Collect required documents from the client. Bottom Line will work with the business owner to collect and organize necessary documents to begin preparing the filing. This includes the 941 Forms (Quarterly Federal Payroll), Payroll data per quarter in an excel spreadsheet, and any existing PPP or PPP forgiveness documents. They provide an easy online document upload / questionnaire to help the client send over the docs.
- Prepare the ERC filing and amend necessary documents – With over 40 full-time forensic accounts working around the clock, Bottom Line goes to work analyzing the data provided by the client, and making all the necessary calculations to prepare the ERC filing. They also include the process of amending the 941 forms into the required 941x forms. This is a very complex and intricate process. Luckily Bottom Lines has the expertise and system to get this done as efficiently and accurately as possible.
- Submit the ERC Filing directly to the IRS – Once the ERC filing is ready, the total ERC tax refund amount is calculated and presented to client. Upon the client’s approval the 941x Forms are submitted to the IRS on clients behalf.
- All the steps above can be completed within 2-4 weeks depending on the clients responsiveness and ability to provide necessary documents for the ERC filing.
- The following steps can take anywhere between 4-12 months depending on the size of the business (amount of W2 employees) and the complexity of the filing.
- Approval from the IRS – Both Bottom Line and the client get a notification from the IRS that the ERC claim has been approved, and for how much.
- Receive Payment from the Client – Client receives their check, and Bottom Line invoices the client to collects their contingency fee.
- Pay iHub Inc – Once Bottom Line has recovered funds directly from the client based on the contingency fee, a portion of that is paid to iHub Inc on the 15th of each month. These funds are used to be distributed to referral partners for each of their individual efforts based on the ERC Compensation Plan.
Bottom Line Concepts as a Company
If I just had to say this, the team over at Bottom Line are truly experts in what they do – and they specialize in complex government tax and refund related filings precisely like the Employee Retention Credit. They have completed over 16,000 ERC filings, and recovered over $3 billion dollars in ERC tax credits – That’s no chump change. It takes a serious operation to be able to deliver on that, and they have proved themselves every step of the way.
Bottom Line Concepts is a division of Bottom Line Savings
Bottom Line Concepts is a division of Bottom Line Savings. Founded in 2009, Bottom Line Savings is a no risk, contingency-based cost savings company. They negotiate on behalf of their clients to get the best prices possible from their existing vendors. They audit old invoices for errors getting our clients refunds and credits, and they increase the profitability and overall valuation of their client’s organizations.
Bottom Line Savings primary client base was fortune 500 and fortune 1000 companies who produced over $100,000,000+ per year in revenue / sales. They focused their services on Goverment aid, unrealized funds, and specific cost-savings analysis.
Clients of Bottom Line Concepts
Bottom line is trusted by names like Starbucks, Uber, Visa, McDonald’s, Rolex, the New York Yankees, the LA Lakers, Chase Bank, MetLife, Comcast GNC, Burger King, Versace… The list goes on.
iHub Global
iHub Global’s Role in the ERC Referral Program
- Systems and Processes – With any referral or affiliate program, having a solid foundation of systems and processes are vital. iHub Global has vast experience in planning, developing and deploying complex referral based opportunities to the masses. With the ERC Affiliate program, iHub Global has delivered an streamlined approach for people to join, get started, and have access to all the tools they need to refer a business to the Employee Retention Credit, or even bring in a new ERC Referral Partner.
- Platform and Technology – At it’s core, iHub Global is really a tech company. They maintain a full-time team of highly skilled software developers, engineers, database architects, and server administrators. Using their proprietary platforms, iHub Global deploys each referral opportunity including this ERC referral program with a powerful easy-to-use web portal and affiliate back office.
- Training and Education – Education is key, and when it comes to the masses, sometimes it can feel like herding sheep. Luckily, iHub Global provides educational resources and training that the average person can understand. This includes, video training, frequently asked questions, presentation, e-courses, and daily live webinars to ensure that there is clarity and confidence when bringing any product or service to market.
- Marketing and Automation – iHub Global delivers just about every marketing asset you can think of. When promoting any opportunity or affiliate program – having strong congruent, and compliant marketing material is crucial. From email templates, print assets to digital landing pages and email automation. iHub Global takes no half measures when it comes to the success of their affiliates and helping them to hit the ground running.
- Initial Client Onboarding – Every prospect (potential ERC business client) starts their journey via iHub systems, links, opt-in forms, landing pages, or otherwise ways to capture and onboard the initial lead as an ERC business. The first step usually us to use an existing digital market asset they provide all of their referral partners with, to educate, build trust, and bring the client into the network. From there, the next step would be to schedule a call with an Expert ERC advisor at Bottom Line Concepts. Once the business moves on from iHub “eco-system”, the rest is taken care of by bottom line. This is what makes the process so easy for ERC Referral partners. Their only job is to make that introduction, and get them into the system to book their call – Easy!
- Tracking and Visibility – This is one of the most important factors when promoting any product or service – especially this ERC referral program. Full transparency and visibility of every client, every step of the way. This is exactly what iHub Global has delivered to ERC Affiliates using their platform. Their robust dashboard
- Compensation Plan and Payouts – Once funds are received from Bottom Line Concepts, iHub Inc will reconcile funds owed to each individual referral partner, and convert them into eligible commissions based on the ERC Compensation Plan. Eligible commissions will be paid out on the next available payout distribution date.
Eric, How much are you making from referring ERC to businesses?
I am personally on track to generate $619,500 in ERC commissions at the time of writing this post. I started my efforts on 10/18/2022, which means that at the time of writing this post I have been promoting ERC for 16 days. At this trajectory, and the assumption that only 50% of my referred businesses would get approved for ERC (which is more around 80%), I would be looking at $7,066,171.87 in commissions over the span of the next year. Do I have your attention now?
How can I refer a business to ERC and make money?
ERC Employee Retention Credit Program Summary
If you haven’t been living under a rock over the last couple months, you’ve probably heard of the Employee Retention Credit (ERC). ERC is one of the most powerful and paramount government aid programs to ever exist for US businesses established by the CARES Act. For one of the first times ever in our history, the US Government is giving back and rewarding businesses who retained their W2 Payroll employees during the Covid-19 pandemic (2020 and 2021) and continued paying their Payroll Taxes – one of the most difficult times in our history.
Businesses who retained their W2 Payroll employees and filed their 941 forms (Quarterly Federal Tax Return) during the Covid-19 pandemic can receive up to $26,000 per employee. Right now, ERC qualifications are less stringent than ever. This is due to various updates and amendment to the ERC program over time.
What is ERC?
ERC (Employee Retention Credit) is a stimulus government aid program established by the CARES Act. It is a refundable tax credit – a grant, not a loan – that businesses can claim through an ERC filing process.
Who Qualifies for the ERC Program For?
This program was created for companies who showed a decline in revenue, changes or adjustments in standard business operations, or partial / full business suspension during the Covid-19 pandemic and paid employees on W2 payroll during the years of 2020 and 2021.
Is ERC like the PPP Loan?
No, The PPP is a loan program that provides funds to small businesses to help them keep their employees on the payroll. The ERC, on the other hand, is a tax credit that businesses can claim for eligible wages paid to employees during the pandemic and do not need to be repaid. Businesses who filed for PPP are also still eligible to receive ERC.
